$SINGAPORE EXCHANGE LIMITED(S68.SI)$
SGX was one of my favourite stock which I track and own. Good dividend yield and good capital gain. But of late, its fall from its high of >$11 to now $9+.
So is it time to add more to my portfolio?
Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator.
The group operates a platform for the buying and selling of securities such as shares, bonds and derivatives.
The bourse operator has announced promising initiatives to grow its business over time.
Some of these include the launch of the world’s first ESG REIT derivatives last month to meet rising demand from investors for the inclusion of ESG considerations into their portfolios.
SGX is also allowing bond issuers in Asia Pacific to showcase their green, social and sustainability bonds to global investors by partnering with Nasdaq Inc (NASDAQ: NDAQ).
The group also recently inked a partnership with Platts, a unit of S&P Global Inc (NYSE: SPGI), to provide commodities data and content.
It’s encouraging to note that SGX has laid out a comprehensive plan for its revenue to grow by high single-digits in the medium term.
Fundamentally, it is still very strong. And really i am not too concern with the recent drop@Tiger Stars
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